Egypt gets boost for comprehensive financial inclusion database

Central Bank of Egypt (CBE)’s plan to establish a comprehensive nationally-owned financial inclusion database has received support from the European Union (EU) delegation to Egypt and the Deutsche Gesellschaft fur Internationale Zusammenarbeit (GIZ). CBE will develop a database with information on the levels, trends, and challenges facing financial inclusion, by conducting a full-fledged demand and supply side mapping exercise, covering both households and micro, small and medium enterprises (MSMEs). Announcing their support, Head of the EU delegation to Egypt, Ambassador Ivan Surkoš explained that in collaboration with the European Bank for Reconstruction and Development (EBRD), they were planning a programme for economic inclusion of underserved groups including women, youth and rural populations.